What is the opportunity cost of time?
A) The utility one gains from working.
B) The value of the leisure time lost due to engaging in work-related activities.
C) The amount of money we could have made if we had worked instead on engaging in an activity that doesn't provide us with money.
D) The cost associated with engaging in time consuming work.
E) None of the above.
Correct Answer:
Verified
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A)A variable cost.
B)A
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